Business Succession Planning Attorney
Planning the Future of Your Business
Every business owner reaches a point where it’s time to think about the next chapter—whether that means passing the company to family, selling to a partner, or preparing for retirement. At Todd Uzelac Law, our Indiana business succession attorney helps clients create practical transition plans that protect both the company’s value and the people behind it. With decades of experience in business and law, Todd understands what your enterprise represents—hard work, relationships, and legacy.
Common Succession Scenarios
No two businesses transition the same way. We help owners across Merrillville, Valparaiso, Portage, and beyond navigate the options that best fit their goals.
Family Business Transfer
Passing a company to children or relatives can be rewarding—but also emotional. We help structure ownership and management transitions that preserve both the business and family harmony.
Selling Your Business to a Third Party
When the time comes to sell, we coordinate due diligence, contracts, and timing to help you secure fair value and minimize tax implications.
Management Buyouts or
Partner Exits
We assist with buy-sell agreements and funding mechanisms that allow current partners or managers to take over ownership smoothly.
Unexpected Succession
Life can change suddenly. Having a written plan ensures business continuity in case of illness or death and prevents costly disputes or uncertainty.
Key Elements of a Strong Succession Plan
A clear succession plan includes more than identifying a successor—it covers timing, valuation, and legal mechanisms that make transition possible.
How Todd Uzelac Law Helps Business Owners Prepare
We understand that discussing succession can be difficult—especially when family or long-time partners are involved. Our role is to simplify the process, guide conversations, and document decisions that reflect your priorities.
Facilitating Productive Conversations
We help owners approach sensitive topics—retirement timing, leadership readiness, or equity splits—with clarity and respect.
Drafting Buy-Sell Agreements and Funding Tools
From life insurance policies to structured purchase arrangements, we make sure funding mechanisms are in place so transitions happen smoothly.
Ensuring Continuity and Confidence
Our plans aim to protect employees, customers, and the company’s reputation during leadership changes. You can step back knowing your business will continue on your terms.
Each clause serves a purpose, and we ensure yours reflect your vision for the business.
Business Succession FAQ
When should I start succession planning?
Ideally, at least five years before a potential transition. Early planning gives you flexibility and leverage.
What is a buy-sell agreement?
It’s a contract that determines how ownership will be transferred if a partner leaves, retires, or passes away.
How do I choose a successor or find a buyer?
We help evaluate family, internal, and external options based on capability, commitment, and financial readiness.
How does estate planning factor into succession?
Coordinating business and estate plans prevents conflict and ensures continuity of ownership within your overall legacy.
